Today’s Analysis

18

Jul 2024
Gold prices rise in anticipation of Fed rate cut and economic uncertainty 

Gold prices near record highs as anticipation of a US Fed rate cut boosts demand. Find out more about the factors driving the surge in gold.

18

Jul 2024
Japan’s Nikkei drops 2% on global chip sell-off and surging yen

Japan’s Nikkei share average fell sharply on Thursday, driven by a global sell-off in chip-related stocks and a strengthening yen. See why the Nikkei (NI225) dropped 2% to 40,277.86 by the midday break, dipping earlier to 40,112.56, the lowest since …

18

Jul 2024
Yen soars, investors spooked by intervention fears

Japan’s yen surged to a six-week high on Thursday, sparking rumours of official intervention. Learn how the dollar experienced broad losses as markets anticipate U.S. rate cuts in the near future.

17

Jul 2024
Oil prices finding a balance between slowing demand and tightening supply

Key Points:  After minor declines, Brent crude oil and WTI are trading at $83.62 per barrel and $80.65 per barrel respectively.  US crude inventories fell by 4.4 million barrels, indicating tightening supply.  Geopolitical risks in the Red Sea add to …

17

Jul 2024
Japan likely conducting intervention to defend the yen

Key Points:  Japan likely conducts yen-buying intervention, as suggested by Bank of Japan data.  The BOJ projected a significant drop in commercial banks’ deposits, indicating potential currency intervention.  The Ministry of Finance has not confirmed the intervention, though data suggests …

17

Jul 2024
NZ dollar rises despite rate cut expectations and high inflation

Key points: New Zealand’s CPI rose 0.4% in Q2, below the forecast of 0.5%. Annual inflation slowed to 3.3%, down from 4.0% in the previous quarter. The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline …

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